Jamie raskin wife
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“The decisions the Fed makes on our behalf should build toward a stronger economy with more jobs in innovative industries - not prop up and enrich dying ones,” Raskin wrote, referring to oil and gas providers.
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Two years ago, in an opinion column in The New York Times, she criticized the Fed’s willingness to support lending to oil and gas companies as part of its efforts to bolster the financial sector in the depths of the pandemic recession. Still, Raskin is likely to draw fire from critics for her progressive views on climate change and the oil and gas industry. “She wanted to make sure all the voices were at the table when decisions were made.” “She has always had a very collaborative approach,” Murphy said. Murphy said the state’s financial industry regarded her as a “strong regulator but a fair regulator.” Murphy led the Maryland bankers’ group during that time. Kathleen Murphy, CEO of the Massachusetts Bankers Association, worked with Raskin during Raskin’s stint as Maryland’s banking regulator from 2007 to 2010. Raskin’s first term as a Fed governor followed her work as Maryland’s commissioner of financial regulation, when she oversaw the state’s banks during the 2008 financial crisis. 2 job in the department.Īs Fed governors, Raskin, Cook, and Jefferson would vote on interest-rate policy decisions at the eight meetings each year of the Fed’s policymaking committee, which also includes the 12 regional Fed bank presidents. President Barack Obama then chose her to serve as deputy Treasury secretary, the No. For that reason, though, she has already drawn opposition from some Republican senators.Ī Harvard-trained lawyer, Raskin, 60, previously served on the Fed’s seven-member board from 2010 to 2014.
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She is also viewed as someone committed to incorporating climate change considerations into the Fed’s oversight of banks. Raskin’s nomination to the position of Fed vice chair for supervision - the nation’s top bank regulator - will be welcomed by progressive senators and advocacy groups, who see her as likely to take a tougher approach to bank regulation than Randal Quarles, a Trump appointee who stepped down last month. “This group will bring much needed expertise, judgement and leadership to the Federal Reserve while at the same time bringing a diversity of thought and perspective never seen before on the Board of Governors,” Biden said in a statement Friday. In late November, Biden also nominated Jerome Powell for a second four-year term as Fed chair and chose Lael Brainard, a Fed board member, to be the vice chair. And for the first time, a majority of the board would consist of female appointees. Cook and Jefferson would be just the fourth and fifth Black governors in the Fed’s 108-year history. If approved, Biden’s picks would significantly increase the Fed’s diversity.